Home
News
- 1 The Merge, CryptoPunks, Bored Ape Yacht Club, Art Block, and Wall St. Bulls are sold at the highest prices.
- 2 Their authenticity and rarity are the reasons behind their high value.
Some expensive NFTs worth millions of dollars are covered here. They are listed according to their sale price and impact on the digital collection space.
The Merge
Merge NFT by Pak is the most valuable NFT ever sold, fetching more than $91.8 Million in December 2021. It is a collection of 10,000 digital cubes that can be combined to form larger shapes. Buyers receive governance tokens that allow them to vote on the future of the project.
In early 2022, Sotheby’s and Nifty Gateway sold Pak’s NFT collection, The Fungible Collection for $16.8 Million.
CryptoPunks
CryptoPunks include pixelated portraits of 10,000 characters with different attributes and rarities. Most oldest and iconic NFT project dated 2017. Five of the biggest sales are of cryptopunk, the highest being CryptoPunk #5822 sold for $23.7 Million. This rare punk features a blue bandana. Another CryptoPunk #5577 was sold in February 2022 for $7.7 Million, which features a cowboy hat clad NFT. In June 2021, CryptoPunk #7523 was sold for $11 Million.
The data from OpenSea shows the total volume of CryptoPunk is 1,152,165 ETH. Lately, the highest sale made by CryptoPunks was for 124.5K ETH for #9998. This collection is developed on Ethereum blockchain and was launched by Larva Labs. Yuga Labs later took over the collection of intellectual property.
Bored Ape Yacht Club
Bored Ape Yacht Club (BAYC) NFT has around 10,000 unique illustrations. Each NFT is different from others with respect to the eye color, grins, and mental attitude. Bored Ape Yacht Club #8817 was sold at $3.41 Million in October 2021.
Bored Ape Yacht Club #3749 was sold at $2.91 Million. This NFT is dressed in a black t-shirt, red laser eyes and a little yellow mouth. As per data from nftgo.io, it has a total volume of 1.34M and has a market cap of 350.43K.
Art Block
Art Block is a combination of artists, collectors and blockchain technology.The largest Art Block sale went to Ringers #109, which was purchased for 2,100 ETH or $7.12 Million in October 2021.Another NFT was sold for $5.8 Million in August 2021, for a piece from Fidenza Collection by Tyler Hobbs.
As per data from OpenSea, the last highest sale was made at 2.1K ETH for Ringers #109. This Art Block has 222,955 items.
Wall St Bulls
Wall St Bulls NFT launched in 2023, consists of 10,000 Wall St Bulls inspired from Wall St. Statue. Its highest sale was $2.5 Million in June 2023. Within five minutes of its launch, a thousand of the colorfully creative bulls riding rocket ships were sold, and within eight minutes, half of the collection was purchased. In 32 minutes, all of the collection was sold out.
The new gamification feature will allow bull holders to take a chance on making NFT even more valuable. It has a total volume of 1.8K and market cap of 400.
Summary
NFTs provide a secure way to sell digital arts and collectibles, and maintain digital ownership.The highest sale of NFTs shows the emerging market of its growth. The rarity of the digital arts decides NFT value in the near future.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
